Company profile · free preview
Alphabet
GOOG · Updated 10/24/2026
Revenue
$402.8B
Fiscal 2025
Net income
$132.2B
Fiscal 2025
Free cash flow
$73.3B
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $402.8B | $350.0B | $307.4B | $282.8B | $257.6B |
| Net income | $132.2B | $100.1B | $73.8B | $60.0B | $76.0B |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $164.7B | $125.3B | $101.7B | $91.5B | $91.7B |
| Free cash flow | $73.3B | $72.8B | $69.5B | $60.0B | $67.0B |
| Cash | $30.7B | $23.5B | $24.0B | $21.9B | $20.9B |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
40.4%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
| Operating cash flow | $574.9B |
| Capital expenditure | ($232.4B) |
| Free cash flow | $342.5B |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
Analyst overview
Alphabet operates a diversified portfolio of technology businesses, predominantly generating revenue through online advertising across its search, YouTube, and network properties. The company also derives significant revenue from its cloud computing services and other technology segments. Its dominant market share in search and widespread adoption of its Android ecosystem provide substantial competitive moats.
Financially, Alphabet has demonstrated consistent growth over the past several years. Revenue increased steadily from 257.6B in 2021 to 402.8B in 2025, accompanied by net income rising from 76.0B to 132.2B over the same period. Operating cash flow has also shown strong expansion, reaching 164.7B in 2025 from 91.7B in 2021, contributing to healthy free cash flow generation, which was 73.3B in 2025. The company maintains a robust balance sheet with a cash position of 30.7B in 2025 and no reported total debt.
Key strengths include its formidable market position in online advertising and search, coupled with ongoing investment in artificial intelligence and cloud infrastructure. Potential risks involve increasing regulatory scrutiny regarding competition and data privacy, as well as the inherent cyclicality of advertising spending. Investors will be closely watching the company's ability to maintain its growth trajectory in core advertising segments while successfully monetizing its investments in nascent technologies like AI and its cloud division.
AI-generated from published financials and filings · 10/24/2026. Not investment advice.
Ask anything about Alphabet's filings
"What changed since last year?" "Where is the cash going?" Get answers drawn straight from the filings.
Start researching free